Companies on the 2023 Inc. 5000 Regionals: Northeast list had an average growth rate of 450 percent.
NEW YORK, Feb. 28, 2023 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that InstaLend Corporation is No. 38 on its third annual Inc. 5000 Regionals: Northeast list, the most prestigious ranking of the fastest-growing Northeast private companies, based in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Northeast economy's most dynamic segment–its independent small businesses.
"We're thrilled with this recognition and excited for the growth ahead. Close to 23 Million homes will qualify for remodeling this year. InstaLend is uniquely poised to serve this growing demand" said Saurabh Shah, co-founder of InstaLend. "The last couple years have seen a strong word-of-mouth growth for the business, validating its strong product offerings. We strive to focus on creating unique loan products that can assist real estate house flippers even during times of high inflation." said Sohin Shah, co-founder of InstaLend.
The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2019 and 2021, these private companies had an average growth rate of 450 percent and, in 2021 alone, they added 12,066 jobs and nearly $4.4 billion to the Northeast region's economy. Companies based in the New York and Boston areas had the highest growth rates overall.
Complete results of the Inc. 5000 Regionals: Northeast, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/northeast starting February 28, 2023.
"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come" said Scott Omelianuk, editor-in-chief of Inc. magazine.
InstaLend is a tech-enabled lender for real estate loans providing fast, affordable and convenient capital to residential real estate developers. As a non-bank real estate lender, the company provides 12-24 month short-term loans on single-family and small multifamily properties for acquisition and rehab. It also provides 30 year long term loans on stabilized rented properties.
Media Contact
Sohin Shah, InstaLend Corporation, 1 6468444069, [email protected]
SOURCE InstaLend Corporation
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